v3.26.1
Equity and Non-controlling Interest (Tables)
12 Months Ended
Dec. 31, 2025
Equity and Non-controlling Interest  
Schedule of authorized share capital

Classification

  ​ ​ ​

Number of Shares

  ​ ​ ​

Par Value

Preferred Stock

 

100,000,000

$

0.01

Class T Shares

 

600,000,000

$

0.01

Class S Shares

 

600,000,000

$

0.01

Class D Shares

 

600,000,000

$

0.01

Class I Shares

 

600,000,000

$

0.01

Class E Shares

 

600,000,000

$

0.01

Total

 

3,100,000,000

 

  ​

Schedule of aggregate distributions declared for each applicable class of common stock

  ​ ​ ​

For the year ended December 31, 2025

  ​ ​ ​

Class T

  ​ ​ ​

Class S

  ​ ​ ​

Class D

  ​ ​ ​

Class I

  ​ ​ ​

Class E

Aggregate gross distributions declared per share of common stock

$

0.4678

$

0.4678

$

0.4678

$

0.4678

$

0.4678

Stockholder servicing fee per share of common stock

 

 

 

 

 

Net distributions declared per share of common stock

$

0.4678

$

0.4678

$

0.4678

$

0.4678

$

0.4678

  ​ ​ ​

For the year ended December 31, 2024

  ​ ​ ​

Class T

  ​ ​ ​

Class S

  ​ ​ ​

Class D

  ​ ​ ​

Class I

  ​ ​ ​

Class E

Aggregate gross distributions declared per share of common stock

$

0.2928

$

0.2928

$

0.2928

$

0.2928

$

0.2928

Stockholder servicing fee per share of common stock

 

 

 

 

 

Net distributions declared per share of common stock

$

0.2928

$

0.2928

$

0.2928

$

0.2928

$

0.2928

Schedule of movement in outstanding shares of common stock

  ​ ​ ​

For the year ended December 31, 2025

  ​ ​ ​

Class T

  ​ ​ ​

Class S

  ​ ​ ​

Class D

  ​ ​ ​

Class I

  ​ ​ ​

Class E

  ​ ​ ​

Total

Beginning balance

 

488

 

488

 

488

 

488

 

20,491

 

22,443

Common stock issued

Distribution reinvestment shares issued

 

23

 

23

 

23

 

23

 

931

 

1,023

Ending balance

 

511

 

511

 

511

 

511

 

21,422

 

23,466

  ​ ​ ​

For the year ended December 31, 2024

  ​ ​ ​

Class T

  ​ ​ ​

Class S

  ​ ​ ​

Class D

  ​ ​ ​

Class I

  ​ ​ ​

Class E

  ​ ​ ​

Total

Beginning balance

 

20,000

20,000

Common stock issued

 

476

476

476

476

1,904

Distribution reinvestment shares issued

12

12

12

12

491

539

Ending balance

 

488

488

488

488

20,491

22,443

Schedule of non-controlling interest activity

  ​ ​ ​

  ​ ​ ​

For the year ended

For the year ended

  ​ ​ ​

December 31, 2025

  ​ ​ ​

December 31, 2024

Balance at the beginning of period

$

111,069,857

$

119,432,864

Issuance of Class E Units in OP to Sun Life

 

 

GAAP loss allocation

 

(3,310,866)

 

(4,052,972)

Offering costs

 

249,550

 

(503,635)

Distribution

(6,081,400)

(3,806,400)

Balance at the end of period

$

101,927,141

$

111,069,857